Auto repair costs have been rising for years, but recently they’ve spiked. Experts say it’s likely a mix of factors including heavier, faster and more complex vehicles, riskier driving behavior, new technology, and labor and supply shortages. Repair shop owners say they can’t find enough technicians despite paying six-figure salaries. As technology marches forward, and fancy cutting-edge EVs fill the roads, consumers hear horror stories about huge repair bills. But insiders say there are reasons to be optimistic.
Chapters:
00:59 Intro - Why car repairs are getting so expensive
01:08 Chapter 1 - The numbers
03:02 Chapter 2 - Collision costs rising
06:21 Chapter 3 - Technology
08:11 Chapter 4 - Labor and parts
10:37 Chapter 5 - The future
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Jason Reginato, Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Rivian, Kia, Tesla
» Subscribe to CNBC:
» Subscribe to CNBC TV:
About CNBC: From ’Wall Street’ to ’Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to land your dream job in 2024? Take CNBC’s new online course How to Ace Your Job Interview and save 50% with discount code EARLYBIRD:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on X:
Follow CNBC News on Instagram:
#cnbc
Why Car Repairs Are Getting So Expensive?
1 view
0
0
1 month ago 00:13:46 1
China and Russia Reject Singapore BRICS Membership!
1 month ago 00:12:45 1
New 15 Failed Coolest Motorcycles Are Worth Buy in 2025
1 month ago 00:05:08 1
Laura Branigan - Self Control (Official Music Video)
1 month ago 00:20:25 1
The DEADLY self-cleaning litter boxes that have flooded the market
1 month ago 00:49:02 1
Скрытые связи Ирана с Западом: конституция из Парижа, инвестиции Франции, ЦРУ и британская нефть
1 month ago 00:03:41 1
Bruno Mars - Grenade (Official Music Video)
1 month ago 00:25:53 1
- T30 Launch Event | India’s First High Voltage Motorcycle with electric car DNA
1 month ago 00:16:01 1
🚨BREAKING: CAUGHT ON TAPE! “Line Up Trump Voters, Shoot Them“ - Prof’s SICK Classroom Rant Exposed!
1 month ago 00:10:48 1
🔥The 15 Best-Looking Scooters for 2025
1 month ago 00:13:08 1
⚠️15 Most Dangerous Motorcycles Only for Experienced Riders❗❗ 2024/25
1 month ago 00:01:53 3
How to use the Porsche x La Marzocco coffee grinder | Tutorial | Spot On
1 month ago 00:08:03 1
OLD MAN IS TOO ENTITLED TO YIELD SO HE RAGES
1 month ago 00:03:01 1
Alexiane - A Million on My Soul (From “Valerian and the City of a Thousand Planets“)
1 month ago 00:08:23 1
Top 3 Full Size Sport SUVs for Dynamic Driving 2024/25
1 month ago 00:21:31 1
JAMAICANS LEAVING CANADA 🇨🇦 | Harsh REALITY of IMMIGRANTS in CANADA 🇨🇦